World Ocean Day: The seventh-largest economy you've never heard of

Becoming ocean literate

clock • 4 min read
Daniel Bowie-MacDonald, investment specialist, abrdn

Daniel Bowie-MacDonald, investment specialist, abrdn

As an entity that covers over 70% of the earth’s surface, it’s surprising to hear that more of the moon’s surface has been mapped than the bottom of the ocean. Yet, as World Ocean Day approaches, awareness is growing of the crucial role the ocean plays in our lives.

Up to 80% of the oxygen we breathe is produced by this vast body of water and more than 90% of the excess heat caused by greenhouse gas emissions has been absorbed by it. Convinced that the huge economic benefits of the world's oceans are completely undervalued and investors don't understand nearly enough about the threats to this vast natural resource, UNESCO has developed an ‘ocean literacy' course specifically for the financial sector. The UN's Sustainable Development Goal for life below water is also woefully underfunded, receiving only 0.01% of all SDG funding. So, UNESCO's literacy...

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